628 W Ormsby AveLouisvilleKY40203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Louisville at 628 W Ormsby Ave, Louisville, KY, 40203 at $273,600 posts ROI 19.84% with from $1,660/mo rent. Total monthly income equals $1,660/mo. Return on cash invested measures 19.84% and rental yield reads 7.28% at the current $273,600. Equity gained on principal adds $1,766/yr, and 5% annual appreciation supports $75,591 by year five. Five-year ROI prints 102.33% and total cumulative return in cash totals $92,811. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,660/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40203, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 1,654 (17.2%) |
| Renter Occupied HU | 6,241 (64.7%) |
| Vacant Housing Units | 1,747 (18.1%) |
| Median Home Value | $190,071 |
| Average Home Value | $281,443 |
Housing Distribution
Address Breakdown
Residential
9,327
Single Family
5,367
Multi-Family
3,960
Businesses
828
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Semonin Realtors
Mls Provider:
Mls ID: #1672759